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UKRAINE: in January-September 2021, MetLife collected the maximum GWP for the life insurance market
According to the results of three quarters of 2021, MetLife maintains its leadership in the life insurance market in all key indicators, which is confirmed by the Insurance TOP industry rankings.
11 January 2022UKRAINE: in 10 months of 2021 the number of MTPL policies increased by 26% y-o-y
The number of concluded Green Card contracts in Ukraine in January-October 2021 increased by 26% reaching 644.6 thousand units, Forinsurer wrote.
11 January 2022UKRAINE: for Jan-Nov 2021, GWP of the TAS Group increased by more than 20% y-o-y
From January to November 2021, TAS Group, which is in top-3 of life and non-life insurance in Ukraine, collected UAH 2.21 billion (~EUR 71.47 million*) in premiums, 20.5% more y-o-y, Forinsurer reported.
27 December 2021UKRAINE: ARX wins silver at the Effie Awards, the most prestigious marketing communications award
Insurance company ARX (one of the leaders in life and non-life insurance in Ukraine) has become a silver winner of the Effie Awards, the most prestigious award in the field of marketing communications. ARX is the only insurance company to be among the winners, Forinsurer reports.
21 December 2021STATISTICS: UKRAINE, 3Q2021: the market expands by more than 15% y-o-y (in UAH)
The insurance market in Ukraine at the end of the third quarter of 2021 recorded an increase of 15.48% y-o-y to UAH 38.07 billion (EUR 1.22 billion). At the same time, paid claims of insurers increased by almost 21% and reached UAH 13.42 billion, as the data published by the National Bank of Ukraine show.
14 December 2021UKRAINE: for 9 months of 2021, net profit of the UNIQA group exceeded UAH 246 million
According to the results of 9M2021, the non-banking financial group UNIQA Ukraine, which includes the insurance companies UNIQA and UNIQA Life, ranking among the top-5 market leaders, continued to grow - the group's net profit before tax amounted to UAH 246.2 million/EUR 7.98 million* (UNIQA - UAH 200.5 million, UNIQA Life - UAH 45.7 million), Forinsurer wrote.
8 December 2021UKRAINE: MTIBU: The new law "On MTPL" will change the principles of compensation payment to owners of used vehicles
General Director of MTIBU (Motor Transport Bureau of Ukraine) Volodymyr SHEVCHENKO speaking about a new edition of the law of Ukraine "On compulsory insurance of civil liability of owners of land vehicles", noted that the new law will change the principles of compensation for owners of used cars.
6 December 2021UKRAINE: new edition of the Law "On insurance" adopted
The Verkhovna Rada of Ukraine on November 18, 2021 adopted a new version of the Law of Ukraine "On Insurance", which changes a wide range of requirements for licensing insurers, assessing their solvency and liquidity, corporate governance and risk management, termination of companies and transfer of insurance portfolio, etc., Forinsurer said.
24 November 2021UKRAINE: in 3Q2021, MTPL GWP increased by 17% y-o-y and paid claims - by 25%
In the third quarter of 2021, the number of concluded MTPL contracts amounted to 2.4 million units, which is 7.6% more y-o-y. GWP reached UAH 1.9 billion (+17.3%)/~EUR 61.64 million*, according to a press release from MTIBU (Motor Transport Insurance Bureau of Ukraine).
23 November 2021UKRAINE: for 9 months of 2021, total GWP of ARX and ARX Life reached almost UAH 2.7 billion
Insurance companies ARX and ARX Life summed up their results for 9 months of 2021 - GWP of ARX (one of the non-life leaders) amounted to UAH 2.5 billion (~EUR 81.10 million*), which is 30% more y-o-y. At the same time, the company's paid claims for the period exceeded UAH 942 million (+29%), according to Forinsurer.
15 November 2021UKRAINE: for three quarters of 2021 GWP of INGO increased by 22% y-o-y
According to the results of January-September 2021, the volume of INGO's premiums earned increased by 22% to UAH 1.4 billion (~EUR 45.42 million*), Forinsurer reports.
8 November 2021UKRAINE: from January to September, MTIBU payments to victims exceeded UAH 202 million
For 9 months of 2021, MTIBU (Motor (Transport) Insurance Bureau of Ukraine) paid the victims of traffic accidents UAH 202.3 million (~EUR 6.56 million*) from the Victim Protection Fund, and the total number of payments reached 5.4 thousand. The number of payments increased by 18.5% y-o-y, while the amount - by 32%, the press release of the Bureau said.
14 October 2021UKRAINE: in 1H2021 insurers' advertising and marketing expenses amounted to UAH 47 million
In the first half of 2021, the expenses of Ukrainian insurance companies on advertising and marketing remained at the level of previous years in the amount of UAH 47 million (~EUR 1.45 million*), of which UAH 39.8 million insurers spent on non-life insurance, and UAH 8.2 million - on life insurance, Forinsurer reports.
11 October 2021UKRAINE: XXI International Financial Forum: Ukrainian insurance market returned to normal business activity and adapted to work under quarantine conditions
In September, Odessa hosted the XXI International Financial Forum to discuss the problems and prospects of business in the field of insurance and financial services, strategies for the development of the financial sector of Ukraine until 2025, changes in the legislative framework for financial and insurance business under the regulatory control of the NBU, new organizational and technological solutions and more, Forinsurer reports.
29 September 2021UKRAINE: XXI International Financial Forum: Ukrainian insurance market returned to normal business activity and adapted to work under quarantine conditions
In September, Odessa hosted the XXI International Financial Forum to discuss the problems and prospects of business in the field of insurance and financial services, strategies for the development of the financial sector of Ukraine until 2025, changes in the legislative framework for financial and insurance business under the regulatory control of the NBU, new organizational and technological solutions and more, Forinsurer reports.
29 September 2021UKRAINE: the quality of settlement in MTIBU has improved
The quality of settlement in MTIBU has improved according to the results of a survey among victims of road accidents, who received compensation from the guarantee funds of the Bureau. MTIBU conducts this survey annually.
23 September 2021UKRAINE: the draft law provides for creation of the Bureau of Environmental Insurance
The Cabinet of Ministers supported submission to the Verkhovna Rada of the draft law "On Environmental Insurance", which provides for creation of the Bureau of Environmental Insurance, Forinsurer said.
15 September 2021UKRAINE: at the beginning of September the number of insurance companies was 170
At the beginning of September 2021, 153 non-life insurers (previously 160) and 17 life insurers were working in the Ukrainian insurance market, Forinsurer reported.
15 September 2021STATISTICS: UKRAINE, 1H2021: insurers' business grew by almost 18% y-o-y
The insurance market in Ukraine in 1H2021 grew by 17.9% to UAH 24.8 billion (EUR 767.13 million). At the same time, net premiums increased by 25.6% to UAH 23.5 billion, according to the data published by the National Bank of Ukraine (NBU).
7 September 2021UKRAINE: in 2Q MTPL GWP grew by almost 15%, and paid claims - by 46% y-o-y
In 2Q2021, the number of MTPL contracts concluded reached 2.4 million units, which is 8.5% more y-o-y. GWP on them amounted to UAH 1.9 billion/EUR 58.74 million* (+14.9% in UAH). Paid claims amounted to UAH 862 million - the number of settled claims increased by 40%, and the volume of paid claims - by 46%, according to a press release from MTIBU.
1 September 2021
